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The Gift Tax

In 1997, the Taxpayer Relief Act was passed, the purpose of which was to alleviate taxes for the upper middle class and to simplify some of the more complicated tax laws then in force. The 'gift tax' was one such area. In simple terms, the gift tax is payable by the donor on gift property during the donor's lifetime. It is based on the premise that a large gift of money and, or, property would have been included as part of the donor's estate and as such, would have been subject to taxes. This 7 page paper examines the provisions of the gift tax statutes and the impact of the Taxpayer Relief Act on the utilization of gift taxes on estate planning. Bibliography lists 5 sources.


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  • Title: "The Gift Tax"
  • Filename: GiftTax.wps
  • Pages: 7
  • Cost Per Page: $1.95
  • Subtotal: $13.65

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